The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1887-11-07
TALK ABOUT THE GAS TRUST.
1t Is Estimated that the Stock Subscriptions
Now Amount to About $250, 900.

Natural gas, for the first time within ten days
gave way yesterday to other topics of converse
ton on the streets and in the hotel Hobbies.
Now that there 10 certainty of having it at the
city limits by the first Of January, with the
probability of its coming further month or
two later, nobody had anything to say except
incidentally. But the Consumers Trust Com
pany showed its yigor il pushing to the
front whenever natural gas mentioned.
The gentlemen who are giving their
time to that enterprise had day of rest; hence
Its progress towards raising the $780, 900 stopped
when it Saturday night However, the
canvassing for subscriptions will be resumed to-
day and continue until Wednesday evening
when the directors will take an account of the
work done. 1t is thought by that time a syndi-
safe of home capitalists will be heard from who
have been consulting about the amount each
will subscribe. tt is probable they will make
their subscription one for the five persons inter-
ested Two of the gentlemen were In conversation
last night at she New Denison Hotel, and
severed about all the features of the natural
gas question, particularly as to its bearings
real estate values good deal OF encourage
ment, in the shape of large subscription, is
pected from the syndicate which meets tonight
to decide the matter. If it comes in with $50,-
co., which one of the Trust tompany's directors
thinks will be the amount. the scheme will be
materially helped
AN odFnceI supporter OF the company ealQ
that while it was impossible on account of the
widely distributed books to tell Just
how much had been raised, the
amount could not be far away from
$500, 600. Colonel Lilly knows from reports
that have been made to him that at least
1850, 900 has been subscribed. If the canvass
ers find il hard work make up the balance
after reaching $400, 900, it is stated, two South
Meridian street ready to subscribe
$50, 900 each. There are not many doubts ex-
pressed to the ability of the directors
fha nf 0f al huf II Is raid
by those who wish the enterprise to succeed that
the great test of success is TO come afterwards
In obtaining gas properties and developing
fields. Nobesville aud Greenfield the two
points from which the chief supply is expected,
and from both come numerous propositions to
either lease lands TO the company drill the
wells and sell their output at much
per thousand feet The directors
have decided to take steps in
that direction unit: the capital stock has been
pledged Representatives of tuhe-works have
Son of this feature is also deferred until the
eompany knows just how il will stand financial
ly. 1t Is the general opinion that during tho
week the So INSCRIPTIONS will be such as clear
away all doubts. The ward meetings are to be
continued, and to morrow night the man ufactur-
,rs are TO hold another meeting at the Board of
Trade rooms, from which substantial aid is ex-
,ected
This morning large number of laborers will
leave on the earliest train for New Britain and
Nobiesville to work in the INDIANAPOLIS com
sany's trenches Pipe-laying the trunk line
will begin to-day The Broad Ripple company
Is also TO begin laying pipe this morning and
continue, 1t Is proposed, at the rate of q mile per
lay.